NZ Market: NZUs marginally up after CCC advice
The carbon price in the NZ ETS climbed slightly higher above NZ$50 Tuesday following warnings of a potential shortfall from the Climate Change Commission (CCC), as the body advised a wait-and-see approach to the issue.
Read MoreJCM cookstove project in Tanzania targets 4 mln credits
A privately-led project under the Joint Crediting Mechanism (JCM) plans to deploy up to 700,000 clean cookstoves in Tanzania and generate roughly 4 million carbon credits over a 10-year period, local media reported last week.
Read MoreNew Zealand releases first ETS cost report
The New Zealand government on Friday released its first cost report into managing the country’s ETS, with expenses expected to grow in the coming financial year.
Read MoreCarbon cost pass-through, financing constraints to dictate heavy industry transition under rising carbon prices -study
Energy-intensive firms’ ability to pass carbon costs on to customers and secure sufficient financing will be decisive in determining whether they can survive tightening climate policy and deliver decarbonisation, according to new research.
Read MoreCN Markets: CEA trading volumes spike, RMB 80 resistance level holds firm
Trading volumes in China’s emissions market more than doubled over the past week, yet prices retreated further below the RMB 80 ($11.72) resistance level as demand signals remained murky.
Read MoreNZ climate commission advises to maintain ETS settings, warns of supply shortfall as soon as 2028
New Zealand’s independent Climate Change Commission (CCC) has recommended keeping current price controls and settings in its annual advice to government, but has warned unit shortfall could lie ahead in the near future.
Read MoreIndia ETS seen posing financial risk to cement, aluminium sectors by 2027
Costs under India’s intensity-based emissions trading system (ETS) are likely to remain “manageable” in the first year of compliance, but could turn into a “material financial risk” for cement and aluminium producers if decarbonisation efforts lag, according to an analysis.
Read MoreSouth Korea to build infrastructure for ETS-linked carbon futures
South Korea’s Ministry of Climate, Energy and Environment has teamed up with the country’s main exchange to establish infrastructure for the development of carbon futures.
Read MoreDATA DIVE: ACCU holdings shrink following Safeguard surrender deadline
Australian Carbon Credit Unit (ACCU) holdings fell by 4.2 million units in the March quarter following the surrender deadline of the Safeguard Mechanism, according to regulator data published Wednesday.
Read MoreMalaysia may delay carbon tax amid Middle East energy crunch
Malaysia will likely delay plans to introduce a carbon tax, as the government reassesses the timing amid the energy disruptions in Southeast Asia from the Middle East crisis, the natural resources minister said on Tuesday according to local media.
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